Many years ago, Ah Gong said that Singapore has too many banks. I listened to him and bought Tat Lee Bank - one of the smallest banks and was affordable to me at that time.
The market listened to Ah Gong and soon Tat Lee Bank was eaten up Keppel Bank. I made some nice profits.
Some years later Ah Gong said four Banks in Singapore was more than enough.
Again I listened to Ah Gong's wise words and bought into Keppel Bank - the smallest bank.
Soon, the market listened to Ah Gong and Keppel Bank was eaten up. I made money again.
Again Ah Gong said four Banks in Singapore is too many. Big Four became Big Three but this time I got the wrong ball and didn't make any money.
Now Ah Gong said Two is enough.
I will listen to Ah Gong's wise words and get ready to buy.
UOB is a family-controlled board so it is harder to eat up and the likely prey by DBS is OCBC.
Will the market listen to Ah Gong's wise words? You bet.
Here’s How a Full-Time Singaporean Investor Manages His Stock Portfolio and Finances (Part 2) - The first part of the interview with full-time investor, Wan Hsin Hun, was well-received by our Seedly community. We are happy to bring you the second and ...
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